The current gov started with a joke about their long, friendly relationship: "About six years ago while having a watergun fight while we were rafting in the Adirondacks, I wonder if Andrew and I ever realized that we would both be serving as governor of New York," said Paterson.

Cuomo said the two men earlier today had a "very good conversation about the transition and the issues that are facing the state: How we can make this a seamless and effective transition, I can feel good about that."

The governor-elect added, "David won the watergun fight, but we'll tell you more about that later."

On a darker note, Cuomo said that one of the goals of his administration is to cut and lower taxes.

"There is not a lot of mystery here: no new taxes, no new taxes, no new taxes," said Cuomo. "You have no economic future if New York is the tax capital of the nation"

He said the main areas he would be looking in to cut spending were "health care, education and state operations."

"That's where you'll have to find the cuts," said Cuomo.

Paterson added, "I feel very assured [to be succeeded] by someone who I think will do an excellent job -- if he walked around with a baseball bat I might feel a little differently."